People's Pilot, Volume 4, Number 9, Rensselaer, Jasper County, 17 August 1894 — R. G. DUN & CO.’S OPINION. [ARTICLE]

R. G. DUN & CO.’S OPINION.

Report on the Business Situation in Many Cities. R. G. Dun & Co.’s weekly review of trade says: “The new tariff, if signed by the president as expected, provides a definite basis for business. No supplemental legislation is thought possible until next year at least. Large improvement has been expected from any settlement, the more because of a vast amount of business deferred from week to week in the hope of more definite conditions. The rush of suoh business, or even a part of it, might easily double transactions for a time. II is not to be overlooked that tho effect of new duties upon many branches of industry and trade is problematical, and may be determined only after some months of experience, and meanwhile tho serious injury to corn and some of the conditions exercise a restraining influence, it is too early to look for effects of the new situation in the great industries, but the gradual recovery which has appeared for some time is seen in a better demand for products. "Resumption by iron and steel works which were stopped by the strikes continues to depress prices of some finished products, but with more furnaces operating prices of pig Iron are not lower. Comparisons given to-day show a fall in prices ranging from 20 to 41 per cent, in iron and its products since 1890. which sufficiently accounts for the idleness of more than a third of the works. "Speculation in corn has been active, the price falling 4 cents, rising 3*4 cents, and falling 2 cents, with varying reports of injury, which in some of the states is undoubtedly severe. Pork has advanced 50 cents and lard 35 cents per 100 pounds, with justification in the injury to corn. Wheat is about 1 cent lower. The Week's Failures. "Liabilities of firms failing in the week ended August 9 are a little larger than of late, $3,294,689, of which $1,041,491 were of manufacturing and $1,603,198 of trading concerns. Full returns for July show an aggregate of $11,291,305 The failures this week have been 226 in the United States, against 455 last year, and 45 in Canada, against 27 last year.”